If a simple Pearson correlation value = .512, what percentage of variance is accounted for?
a.26%
b.49%
c.51%
d.74%
ANS:A
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A question asked by stockholders is, "How much gross profit did the company make?" What financial statement would have the "gross profit" indicated as a separate line item?
A) The balance sheet because retained earnings represents gross profits B) The statement of cash flows as cash inflows and outflows represents gross profits C) The multi-step income statement D) The single-step income statement
Which of the following is not one of the needed elements of an unconscionable contract?
A) No reasonable alternative for the oppressed party B) Parties possessing severely unequal bargaining power C) An unreasonably short period of time for the oppressed party to perform D) The dominant party's unreasonable use of that bargaining power to obtain oppressive or manifestly unfair terms
Danaher Woodworking Corporation produces fine furniture. The company uses a job-order costing system in which its predetermined overhead rate is based on capacity. The capacity of the factory is determined by the capacity of its constraint, which is an automated lathe. Additional information is provided below for the most recent month:?Estimates at the beginning of the month:???Estimated total fixed manufacturing overhead$22,701??Capacity of the lathe230 hours?Actual results:???Actual total fixed manufacturing overhead$22,701??Actual hours of lathe use210hoursRequired:a. Calculate the predetermined overhead rate based on capacity.b. Calculate the manufacturing overhead applied.c. Calculate the cost of unused capacity.
What will be an ideal response?
Which industry sector is NOT represented in the Standard & Poor's 500 index?
A) financial B) industrial C) leisure and entertainment D) public utility E) transportation